Soybeans Holding Steady on Friday AM

Group 1 - Soybean futures experienced gains on Thursday, closing with increases of 10 to 11 cents, while preliminary open interest rose by 2,882 contracts [1] - The national average cash bean price increased by 11.5 cents to $9.46 1/4, with soymeal futures rising between $1.90 and $6.60, and soy oil futures up by 2 to 7 points [1] - The average November soybean close during October is currently at $10.18, with the spring price set at $10.54 [2] Group 2 - The US soybean crop estimate was reduced by S&P Global to 53.0 bushels per acre (bpa), a decrease of 0.8 bpa from the previous month, with total production estimated at 4.261 billion bushels (bbu) [3] - There are indications from the White House regarding a potential trade aide package for producers, estimated to be in the range of $10 to $14 billion [3] - Recent soybean closing prices include November at $10.23 3/4, January at $10.41 3/4, and March at $10.56 1/4, all showing slight fluctuations [4]